CharlieFx96
Short

GBP/AUD - Bearish Pattern, Conserving approach! Reversal Signal!

FX:GBPAUD   British Pound / Australian Dollar
2 Take profit areas on the completion of this pattern,

Place stops behind one of the major resistance lines! looking at a 3:1 - 4:1 Reward ratio here!

All the best, will update results! As of now the STOCHASTIC (Default) is in EXTREME overbrought conditions!
RSI is also in the overbought area. > As with the pattern hitting the 127.2 and 161.8 area, this is also a key reversal point on the Fibonacci Ext.

All the best in you're trading.

CharlieFX
Comment: 1st Target Hit, Cut Half Position.
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